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FX Loan To Deposit Ratio Steady, M2 Up Y-O-Y

|Includes: WisdomTree Chinese Yuan ETF (CYB)

There was no big jump in the loan-to-deposit ratio. However, let's see if that's not because China isn't really slowing down. If the hot money flowed in as usual, we should have seen a jump in these ratios, and it looks as though it could be rolling over. If that's the case, yuan weakness is on the way.

And here's a look at M1, M2 and the Shanghai Composite through the end of April.